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Mistral.ai raises 105 million euro with 7 pager on Google Docs
AI keeps bubbling up
While I'm developing prompts to generate prompts to create unique articles, putting off work on my AI startup until the weekend, a four-week-old startup called Mistral.ai, founded by a trio of Meta and Google DeepMind experts with over 20 years of combined experience in machine learning (and probably some severe sleep deprivation), has raised a whopping 105 million euros in Europe based on a mere seven-page google document. There was no time to do the prez, and the product was not needed to be included, as usual — modern art.
The founders are bidding on the fact that most new AI projects are based on the ChatGPT, which seriously limits them. They plan to develop their own models (and use open source for sure). By the end of this year, they should overtake 3.5-turbo and Google Bard in performance.
Their models will also be partially open, run on laptops with 16 GB of memory (you may have to close all tabs in Chrome), and have context in millions of words. Their training will be done not on some confidential data (the ones they always promise to erase) but on the "high-quality European" one.
Obviously, it's worth cutting some too extensive information from the flashbacks.ai website and trying to raise at least 10 million euros... If I had at least one year of experience...
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